UPDATE 1-Tenneco posts lower quarterly profit


(Recasts, adds details on results) CHICAGO, July 27 (Reuters) - Auto parts maker Tenneco Inc. , which makes shock absorbers and mufflers, on Thursday said quarterly earnings fell due to North America production cuts by automakers as well as restructuring and start-up costs. Tenneco said it expects industry production challenges in North America and Australia the rest of 2006 to pressure revenue and earnings results, though it hoped European and China operations would counter the impact. ...

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